Peng, Mike W.; Buck, Trevor; Filatotchev, Igor - In: Journal of World Business 38 (2003) 4, pp. 348-360
In the context of privatization and restructuring in Russia, we test two standard agency theory hypotheses, namely, (1) outside board members and (2) new managers are positively related to firm performance. Based on a survey of 314 privatized firms, the evidence offers little support for the...